Morgan Stanley Initiates Coverage On Summit Materials with Overweight Rating, Announces Price Target of $51
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has initiated coverage on Summit Materials with an Overweight rating and set a price target of $51.
August 26, 2024 | 12:31 pm
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Morgan Stanley has initiated coverage on Summit Materials with an Overweight rating and a price target of $51, indicating a positive outlook.
The Overweight rating and $51 price target from Morgan Stanley suggest a positive outlook for Summit Materials, likely boosting investor confidence and potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100